McDonald’s french fries might not be the best things for your health, but they could soon be a little less destructive for the planet. On Tuesday, the fast food giant announced that it planned to eliminate any links to deforestation…
Category: Business
Rana Plaza factory collapse still plagues survivors
Emma Daly Roksana and Beauty lingered outside that fateful morning two years ago – neither wanted to go inside to start turning out jeans and shirts in the factories housed in Rana Plaza the day after they had been evacuated…
Bumper mango output expected in C’nawabganj
Mango growers and officials are expecting a bumper production of the most popular fruit in the region this year if climatic conditions remain favourable.
CSR requires responsible mindset at all levels, says BGCCI executive director
Executive Director of the Bangladesh German Chamber of Commerce and Industry (BGCCI) Daniel Seidl has said that corporate social responsibility requires “a responsible mindset at all levels”.
More than 150,000 RMG workers lose jobs in Rana Plaza fallout: TIB
Over 200 readymade garment factories have shut down in the last one year, leaving more than 150,000 workers jobless as a fallout of the Rana Plaza collapse.
Bangladesh set to earn $1.2 million a year as Cabinet clears 10GBPS bandwidth export to India
The Cabinet has cleared an agreement to export unused submarine cable bandwidth to India that will fetch Bangladesh $1.2 million every year.
One of six business pioneers in finance of all time
Financial Times has chosen Professor Muhammed Yunus as one six greatest Finance Pioneers of all time. In the March 31, 2015 issue in an article entitled “Business Pioneers in Finance” Professor Yunus has been placed alongside Warren Buffett, Amadeo Giannini,…
China makes big cut in bank reserve requirement to fight slowdown
China’s central bank on Sunday cut the amount of cash that banks must hold as reserves, the second industry-wide cut in two months, adding more liquidity to the world’s second-biggest economy to help spur bank lending and combat slowing growth.
IBBL board of directors meeting held
A meeting of the Board of Directors of Islami Bank Bangladesh Limited was held at the Board Room of Islami Bank Tower on Saturday . Engr. Mustafa Anwar, Chairman (Acting) of the Bank presided over the meeting. Local and foreign…
G20 more upbeat on growth, but officials fret over Greece
The Group of 20 leading economies struck a hopeful tone on the outlook for global growth on Friday, even as officials fretted that Athens’ inability to strike a deal with its lenders could upset Europe’s tentative recovery.
Brent crude oil hits 2015 high as US output slows
Oil rose more than 3 percent on Thursday, pushing Brent crude to a 2015 high above $63 per barrel on increasing evidence that US production is peaking, balancing a market that has been in heavy oversupply for more than a…
Stocks finish bullish in end of week transactions
Dhaka stocks closed week bullish on Thursday when the daily trade value hit a 4-month high. The benchmark index of Dhaka Stock Exchange (DSE) closed 12.84 points up at 4373.33 as both trade volume and value increased substantially on active…
Women take lead at 71st social business design lab
The 71st Social Business Design Lab organised by Yunus Centre took place on 16 April 2015 at the Grameen Bank Bhaban. The half day long programme was chaired by Nobel Laureate Professor Muhammad Yunus. It brought together more than 130…
Mustafa Kamal joins Muhith to disagree with World Bank forecast
Planning Minister AHM Mustafa Kamal has joined Finance Minister AMA Muhith to dismiss the Wold Bank’s forecast on the country’s growth prospects.
IMF sees solid global economic outlook even as growth diverges
The International Monetary Fund highlighted an increasing divergence in the growth paths of the world’s major economies this year, as a pick-up in the euro zone and India is expected to be offset by diminished prospects in other key emerging…
‘Surplus yield’ brings major worry for Malda mangoes
By Debasis Sarkar Mango hotspot Malda in West Bengal is expecting exceptionally high level of production this year. But the delight comes riding a major worry for post harvest stage as export option to Bangladesh, one of the largest consumption…
Bangladesh Bank asks 5 state-run banks to do more to prevent money laundering, terror finance
The central bank has warned five state-owned banks over their failure to make headway in prevention of money laundering and terror finance.
Branoo – the next flipkart of Bangladesh?
Sejal bamboli Don’t be surprised, I am not saying Branoo is as big as FlipKart but my research is saying that they have all possibilities to be the Flipkart of Bangladesh. Definitely they need to run a long race. The…
Accord and Alliance conditions affecting RMG sector, say businessmen
Bangladeshi readymade garments have lost competitiveness for ‘several irrational conditions’ imposed by buyers of foreign countries, particularly those from Europe and North America, say businessmen.
7 former Oriental Bankers convicted for loan scam
A Dhaka court on Monday sentenced seven former officials of Oriental Bank to 10 years’ imprisonment with a fine of Tk one crore ninety lakh in a loan scam case. Judge Hosne Ara Begum of Dhaka’s Special Judge Court-2 pronounced…
Find women entrepreneurs, Bangladesh Bank tells banks
Bangladesh Bank has told banks and financial institutions to find women interested in starting industry and trade.
South Korea shares intellectual property experiences with Bangladesh
South Korea has shared its experiences on development of intellectual property with Bangladesh government.
Myanmar onions for Bangladesh
Myanmar may supply enough onions to fill the demand-supply gap in Bangladesh, a top Myanmar official has said.
Dhaka-Chittagong-Sylhet train services resume after 3 hours
Train communications of Dhaka with Chittagong and Sylhet were restored on Monday morning after three and half hours disruption following the derailment of a train at Nalchhata in Kaliganj upazila.
Milk prices on the rise in Rangpur district
Milk prices have soared in Rangpur due to its short supply in the local markets, causing sufferings to the common people.One kg of milk was being sold at Tk 45 in the district town in the recent past.
Wal-Mart support of gay rights turns on business: Consultant
The chief executive of Wal-Mart Stores Inc has emerged as an unlikely voice for gay rights after the Arkansas governor heeded his call on Wednesday to reject a much-criticised bill.
Hakim Yusuf Harun Bhuiya elected SIBL Director
Hakim Md Yousuf Haroon Bhuiyan, Chief Motualli and Managing Director of Hamdard Bangladesh Ltd, has been elected director of Social Islami Bank Ltd (SIBL).
China unveils plans on building Silk Road Economic Belt, 21st-Century Maritime Silk Road
The Bangladesh-China-India-Myanmar (BCIM) economic corridor and China’s proposed ‘Silk Road Economic Belt and 21st-Century Maritime Silk Road’ are “closely” related, Beijing says as it has unveiled action plans on this joint ‘Belt and Road Initiative’.
Akram hints at national polls after April 28 city election
Kazi Akam Hossain, president of the Federation of Bangladesh Chambers of Commerce and Industry has hinted that a general election enlisting the participation of all political parties is expected soon after the city elections in Dhaka and Chitagong scheduled for…
China blocking North Korea’s entry to int’l bank
China blocking North Korea entry to int’l bankChina is not allowing North Korea to become a member of the newly established Asian Infrastructure Investment Bank (AIIB), sources told the financial news site Emerging Markets. The new bank, proposed by the…